Somewhat Positive Media Coverage Somewhat Unlikely to Affect Workday (WDAY) Share Price
News stories about Workday (NASDAQ:WDAY) have trended somewhat positive on Monday, according to Accern. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Workday earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the software maker an impact score of 45.7981108709916 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Analysts’ Recommendation in Spotlight – Workday Inc (NASDAQ: WDAY) – Alpha Beta Stock (alphabetastock.com)
- Pre-Market Technical Scan on Application Software Equities — Rubicon Project, Trade Desk, Workday, and Xunlei – PR Newswire (press release) (prnewswire.com)
- Here is Risky Stock That May Deliver higher returns:: Workday, Inc. (WDAY) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Workday (WDAY) Upgraded at BidaskClub (americanbankingnews.com)
- Workday, Inc. (WDAY) : Investors need to focus on Analysts Rating – Wall Street Morning (wallstreetmorning.com)
A number of equities analysts have recently weighed in on WDAY shares. Barclays boosted their price objective on shares of Workday from $108.00 to $117.00 and gave the company an “equal weight” rating in a research report on Friday, November 17th. BidaskClub raised shares of Workday from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 22nd. Bank of America boosted their price objective on shares of Workday from $123.00 to $134.00 and gave the company a “buy” rating in a research report on Monday, November 27th. JPMorgan Chase & Co. restated a “buy” rating and issued a $120.00 target price on shares of Workday in a report on Tuesday, November 28th. Finally, Wedbush restated a “neutral” rating and issued a $104.00 target price (down from $106.00) on shares of Workday in a report on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $119.22.
Workday (NASDAQ:WDAY) last posted its earnings results on Tuesday, February 27th. The software maker reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. Workday had a negative net margin of 14.99% and a negative return on equity of 16.80%. The business had revenue of $582.48 million for the quarter, compared to analysts’ expectations of $573.41 million. equities research analysts anticipate that Workday will post -1.23 EPS for the current year.
In other news, CEO Aneel Bhusri sold 75,000 shares of the business’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $127.23, for a total transaction of $9,542,250.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director George J. Still, Jr. sold 16,000 shares of the business’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $134.93, for a total transaction of $2,158,880.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 771,764 shares of company stock worth $86,010,467. Corporate insiders own 37.71% of the company’s stock.
Workday Company Profile
Workday, Inc is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working.
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